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Dec 31, 2012 6:00pm PST
accepts this deal, being put together tonight, congress could claw back up the cliff. >> just hours before midnight deadline, president obama gathered supporters to announce a deal was within site. >> our immediate priority is middle class families starting tomorrow. i think that is a modest goal that we can accomplish. >> the vice president and senate republican leader leading negotiations, but phone shall deal is expected to increase estate tax from 35ses today 40%. extend unemployment benefits, and bring back higher clinton era tax rates on households making more than $450,000 a year, that $450,000 fresh hold is a major concession. tom harkin threatened to pull support. >> the deal must be one that favors the middle class and he cautioned rinz against taking a spending cuts only approach. >> if they think that is going to be the formula they've got another thing coming. >> some quickly condemned the comments. >> it's dismissive and insulting. >> that is not the way presidents should lead. >> for republicans in congress who said they'd never raise taxes on anyone, the deal to let the bus
Jan 1, 2013 6:00am PST
the center that can work together and get along. that's always been a problem in congress. it's only gotten worse in recent years. and as far as productivity, it has to do with divided government. we're not getting along very well because of what i've described. and moving forward, that is the political dynamic. we're going to have the same situation in the new congress that we have in this congress. president obama is still president. the senate is controlled by democrats, the republicans control the house. they have to find a way to work together for the good of the country. >> well, we can only hope so. congressman jason altmire, thank you so much. good luck, sir. happy new year. >> thank you. happy new year. >>> the party to rival all parties last night. in new york city, hundreds of thousands packing new york's times square to watch the crystal ball drop and ring in the start of 2013. and believe me, they had to want to be there. it was cold! ♪ >>> back to the fiscal cliff. all but five republican senators voted to pass the bill put together by senator mcconnell and vice president bi
Dec 31, 2012 5:00pm PST
increases and spending cuts. >> congress has about 24 hours to get itself together. that is worthy deadline can happen. if they do not have a deal >> there could be some havoc in place in terms of the market going up and down. i think that they are very close. with a lot of these tax provisions up. the fiscal cliff is about taxes and spending. but the big question is that what is the spending issue. if they do have an impact it should not be an impact on the economy. >> people are really losing faith? >> these people of that nearly two years to get this done. for all of the whining... i do not really think there's much sympathy from the american people. the fact of the matter is that there is not just the fiscal cliff but also there is a pending bill that is being held up by the house of republicans. to make sure that the price of milk does not double puriwith nearly $7-for $eight! and can they still with the spending cuts? right now, we are going to hear that it is just going to kick the can and down the road. everything including the spending cuts will be on the table. >>> the impression
Jan 1, 2013 6:30pm EST
together to make decisions in the best judgment of the people. >> the fact that congress can't do anything is a laughingstock anyway. nobody has any faith in them to begin with. >> reporter: what happens next? >> house republicans are huddled trying to figure out if they would have the votes if they made changes to add spending cuts. they will take a vote tonight on the measure the way the white house and the senate wrote it. more to come. >> as always. kelly o'donnell on capitol hill. our chief white house correspondent and political director chuck todd joins us now. chuck, there are some voices out there saying, good for the house republicans, they're standing on their principles. but a lot of voices are also saying, how much longer is this going to take? >> reporter: it may be a new year but old habits are dying hard with this congress. we're in the last throes of the typical theatrics that have been the norm in washington over the last couple of years. there's going to be a few more shenanigans before the night is over. but they're probably going to end up voting on this bill. if they
FOX News
Jan 1, 2013 12:00pm PST
distinguished master counter. >> thank you very much, madam leader. 112th congress has about 46 hours left to go. this congress unfortunately has been most known for a unwillingness to compromise, an unwillingness to come together to act on behalf of the american people. today is january 1st. taxes will be going up on everybody in america. in america if we don't act. those relying on unemployment insurance, millions relying on unemployment insurance to make sure they can support themselves and their families. if we don't act, we will be at risk. vice president biden has worked very hard to come to a compromise. by definition a compromise has elements in it that each party does not like, but by definition it has things in it each party should like of the the speaker said that if the senate passed a bill he would put it on the floor for a vote. the leader has pointed out we expect that to happen. we think that's in the best interest of the american people. we hope that our colleagues on the other side of the aisle can reach compromise. our members are reviewing the specifics of the compromise tha
Jan 1, 2013 9:00am PST
together enough votes, leaders of both parties get together enough votes to pass this in the house. house democrat -- still operating under the 112th congress, the last congress. the new one won't be sworn in until later this week. republicans have a healthy majority, even if there is significant number of democrats who vote for this, you know, they're going to need many republicans to cross over. and so what they're doing now with the democrats is that joe biden's trying to convince his own members not to break off because there are a lot of liberals who simply don't like this either and say they don't like the idea, for example, of keeping tax cuts in place for americans and households making up $450,000. they think that's simply too high. >> we'll be watching closely. obviously going to come back to you as the developments warrant. a lot is taking place behind the scenes. of course in front of the cameras as well as they play out their own version trying to come up with something to avert the fiscal cliff. the senate did make a decision, came up with a plan but of course the house has
Dec 31, 2012 5:30pm PST
the president just had to say in front of a pep rally. >> he comes out and calls people together and has a group standing behind him, laughs and jokes and ridicules republicans, what is -- why? >> reporter: if a deal finalized, and if passes congress, two big ifs, it would extend tax cuts for all workers under $400,000, prevent a big tax hike on estates under $5 million and extend unemployment benefits set to expire tomorrow for some 2 million people. so, the scramble continues tonight. congressional leaders trying to get to a deal that would pass both the house and the senate sometime over the next 24 hours or so, david. >> jon, stick with us here. i want to show the viewers at home that beautiful red and white crystal ball prepared to come down in times square tonight, blue and green, it changes colors as we look at it. the bottom line is, when that ball drops tonight, every american's taxes going up? >> reporter: that is exactly right. they will go up as of midnight. they are going to try to come back and fix it, but as of midnight tonight, everybody's taxes go up. >> all right, jon karl on t
Jan 1, 2013 11:00am PST
of -- and house republicans have to band together because house democrats are not going to support those spending cuts and it is true. congress had a long time to deal with this, even since the election they had two months, waited until the last second. boehner couldn't pass the so-called plan b bill. he lost a lot of leverage on this. this is very tricky for john boehner and his lieutenant. they have a relatively narrow house majority, polls show that the fiscal cliff blame would be mostly on them, not the president. not on democrats. that might change. but this is a very risky move if we go well into january with this unresolved. >> and you got to wonder if the house republicans are kicking themselves for not passing the plan b, which allowed for tax rates on people making a million or more since the figure that passed was significantly less at 400,000. bob cusack, thank you. we appreciate you being with us. >> thanks, deb. >>> well, developing this hour in alaska, on a shallow and rocky shore line near the uninhabited kodiak island, a huge oil rig has run aground. it has run aground. the coast
Jan 1, 2013 6:00am PST
they could have put together at the last minute. >> as i mentioned in the intro, you're leaving the congress. you've been there a long time. you sent out an e-mail last week telling supporters you're going to continue to be active and when i saw that, the first thing i asked was whether you're planning on running for office again any time soon? >> well, you know, talk to my wife about that. the answer is that i don't have any immediate plans to run for office. i'll be making some announcements in the next couple days. rather than worrying about myself in the last couple months since i knew that i wouldn't be returning, i'm concerned about the country, so i've been focusing on the job that i have now and when the new congress is sworn in on thursday, then i'll start to focus on what my plans are for the new year. >> congressman kusinich, thanks so much. it's been a real pleasure covering you on capitol hill, your run for president and we wish you all the best. >> thank you, happy new year to you and all your viewers. thank you. >>> it wouldn't be a new year's eve celebration without anderson
Dec 31, 2012 4:00pm PST
be spending our new year together, but it is my pleasure after all these years of friendship and fellowship with you. however, not a whole bunch of americans will be toasting congress at midnight, even if lawmakers do strike a deal to avoid the fiscal cliff. we'll hear from some of them when we come back. stay with us. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ >>> all right, this holiday season, most americans are not feeling all that mu
Jan 1, 2013 7:00am EST
crew. i suspect mr. banner will be able to put the deal together. he will not like that he will lose possibly 100 votes and will have to deal with more democratic votes. that will weaken him for the 113th congress. host: on that point, here is the american majority action, the conservative group, who wrote this ahead of the senate vote this morning -- caller: there is a lot of validity in that. the $1 million -- that was a pipe dream. it was a test vote. everybody in washington understands that. the american people do not understand a lot of that. that is unfortunate. thank god for shows like you guys do, and the valley -- and a valuable message and education you provide. that was a general test vote. it was a pipe dream. at the end of the day, mr. boehner and newt gingrich has been very public about this -- sure, it is not a great glorious, right-wing wind, but anybody worth their accounts -- their pounds and if, if you're making over $400,000 in a household, that is a win for republican families and people that make tons of money. i am sympathetic to boehner's position. he will not
FOX News
Jan 1, 2013 3:00am PST
together last year. go through this drama two or three months down the road. it's all self-serving and all ridiculous. >> juliet: that's why polls show americans have a horrible opinion of the way congress is. >> they really should have a horrible opinion of the way congress acts. the real fiscal cliff beneath our feet is the $16 trillion in debt that's going to continue to go higher and higher and the lost opportunities. this country is nowhere near living up to its greatness that we possess. nowhere near it. >> steve: let's see. we're just starting a new year. we can be optimistic burks -- but relickicly? >> it could have been worse. >> juliet: thank you, charles. happy new year. >> brian: that could be the cover of anthony robins you -- new book. >> juliet: still ahead, have you made a new year's resolution, chances are you did. father john shows us how faith can help you keep it. >> steve: how about dinner and drinks wednesday night with the girls? forget it. we'll tell you who is pulling the plug on ladies night. oh, oh ♪ fare thee well ♪ farewell ♪ mr. gloom be on your way ♪
Search Results 0 to 11 of about 12